Atlantic American (NASDAQ:AAME) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAMEGet Free Report) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

NASDAQ AAME opened at $1.70 on Wednesday. Atlantic American has a 1 year low of $1.26 and a 1 year high of $3.00. The business’s fifty day moving average is $1.52 and its two-hundred day moving average is $1.59. The stock has a market capitalization of $34.68 million, a P/E ratio of -4.86 and a beta of 0.45.

Atlantic American (NASDAQ:AAMEGet Free Report) last announced its earnings results on Tuesday, November 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $44.52 million for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar boosted its holdings in shares of Atlantic American Co. (NASDAQ:AAMEFree Report) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American makes up approximately 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.48% of the company’s stock.

Atlantic American Company Profile

(Get Free Report)

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.

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